News

As it grows funds under management and pursues a broader investment strategy managing growth and buyout capital on behalf of retail and institutional investors, Mobeus continues to invest in its portfolio management capability, appointing Clive Austin as partner to lead the team and hiring highly experienced portfolio directors Jane Reoch and Ed Wass.

The Mobeus VCTs are opening new share offers to raise, in aggregate, up to £50 million, with over-allotment facilities to raise, in aggregate, up to a further £30 million. Mobeus’s existing VCT asset base is approximately £200 million.

Mobeus has grown from 25 to 34 people overall, which created a need to redesign our West End home. Fortunately, the wider Mobeus family, our investee companies, were ideally placed to make the refurbishment a huge success.

Mobeus has realised its investment in Entanet Holdings Limited (“Entanet”) in a £29m sale to AIM-quoted CityFibre Infrastructure Holdings plc (“CityFibre”). The deal represents an initial return of 2.5x for Mobeus-advised funds with potential for this to increase to in excess of 2.7x over the next two years. Initial IRR to shareholders is 38.7%, potentially increasing to 40.9%.

Mobeus has backed the management team of West Midlands based Arc Specialist Engineering (“Arc”) in a buyout of the Group. The investment in Arc is Mobeus's latest and largest from its recently raised institutional fund and its fourth in the 12 months since the fund’s first close.

Mobeus has led a £3 million funding round for MyTutor, the leading digital platform with the potential to disrupt the £2 billion UK tutoring market, with participation from high-profile angel investors including Clive Cowdery (Resolution) and Thomas Hoegh (Arts Alliance).

Mobeus is pleased to announce the latest closing of Mobeus Equity Partners IV LP (“Fund IV or the Fund”) taking total commitments to over £140 million and expects to complete fundraising by the summer.